CANADA STOCKS-TSX set to open lower on second day of Fed meeting

Wed Mar 18, 2015 7:33am EDT
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March 18 (Reuters) - Stock futures pointed to a lower start for Canada's main stock index on Wednesday as investors awaited the outcome of the U.S. Federal Reserve's two-day meeting, which ends later in the day.

The dollar held steady before the second day of the meeting that is expected to lay the groundwork for the first increase in U.S. interest rates in nearly a decade.

March futures on the S&P TSX index were down 0.26 percent at 7:15 a.m. ET.

Wholesale trade data for January is due at 8:30 a.m. ET

Canada's main stock index rose slightly on Tuesday, lifted by a small bounce-back in oil producers as investors anxiously awaited Fed's statement on its policy outlook.

Dow Jones Industrial Average e-mini futures were down 0.31 percent at 7:15 a.m. ET, while S&P 500 e-mini futures were down 0.28 percent and Nasdaq 100 e-mini futures were down 0.22 percent. (Morning News Call newsletter; The Day Ahead newsletter


Gold futures : $1,749.60; -0.1 pct   Continued...